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Property and Equipment
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net, consists of the following:
 March 31, 2024December 31, 2023
Satellite system$1,598 $1,598 
Terrestrial repeater network117 117 
Leasehold improvements112 106 
Broadcast studio equipment152 146 
Capitalized software and hardware2,174 2,178 
Satellite telemetry, tracking and control facilities85 84 
Furniture, fixtures, equipment and other109 110 
Land32 32 
Building74 74 
Construction in progress706 538 
Total property and equipment5,159 4,983 
Accumulated depreciation(3,339)(3,229)
Property and equipment, net$1,820 $1,754 
Construction in progress consists of the following:
 March 31, 2024December 31, 2023
Satellite system$565 $490 
Terrestrial repeater network8 7 
Capitalized software and hardware115 17 
Other18 24 
Construction in progress$706 $538 
Depreciation and amortization expense on property and equipment was $116 and $99 for the three months ended March 31, 2024 and 2023, respectively. During the three months ended March 31, 2024 and 2023, we recorded impairment charges of $1 and $2, respectively, primarily related to terminated software projects.
We capitalize a portion of the interest on funds borrowed to finance the construction and launch of our satellites. Capitalized interest is recorded as part of the asset’s cost and depreciated over the satellite’s useful life. Capitalized interest costs were $6 and $3 for the three months ended March 31, 2024 and 2023, respectively, which related to the construction of our SXM-9, SXM-10, SXM-11 and SXM-12 satellites. We also capitalize a portion of share-based compensation related to employee time for capitalized software projects. Capitalized share-based compensation costs were $5 for each of the three months ended March 31, 2024 and 2023.
Satellites
As of March 31, 2024, we operated a fleet of five satellites.  Each satellite requires an FCC license, and prior to the expiration of each license, we are required to apply for a renewal of the FCC satellite license.  The renewal and extension of our licenses is reasonably certain at minimal cost, which is expensed as incurred. The chart below provides certain information on our satellites as of March 31, 2024:
Satellite DescriptionYear DeliveredEstimated End of
Depreciable Life		FCC License Expiration Year
SIRIUS FM-5200920242025
SIRIUS FM-6201320282030
XM-3200520202026
XM-5201020252026
SXM-8202120362029
Our XM-3 satellite remains available as an in-orbit spare.